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Insider Trades Weekly Summary (29 June – 2 July 2025)
Welcome to the latest edition of the Insider Trades Series, where we provide a detailed overview of significant director transactions on the ASX 200 exceeding $10,000. This week’s analysis covers trades executed between June 29 and July 2, 2025. Directors are required to disclose their trades to the ASX within five business days.
Market Conditions Affecting Transactions
In recent days, the volume of transactions by ASX directors has plummeted, likely due to a combination of factors:
- Tariff Uncertainty: The extension of Trump’s reciprocal tariff deadline to August 1 has heightened concerns for specific companies and the broader market.
- Market Valuation: With the ASX 200 trading near all-time highs, currently at a forward Price-to-Earnings (PE) ratio of 18.9, many directors are exercising caution.
- Blackout Periods: The impending August earnings reporting season is leading companies into blackout trading periods, which typically limits director trading activity.
Key ASX 200 Trades
| Code | Company | Date | Director | Type | Price | Value |
|---|---|---|---|---|---|---|
| AEL | Amplitude Energy | 30/06/25 | Frank Tudor | Buy | $0.20 | $129,365 |
| WGX | Westgold Resources | 01/07/25 | Gary Davison | Buy | $2.91 | $99,958 |
| AZJ | Aurizon Holdings | 30/06/25 | Lyell Strambi | Buy | $3.02 | $9,966 |
| IEL | IDP Education | 30/06/25 | Colin Stirling | Buy | $3.64 | $9,704 |
Insights from Recent Trades
All transactions detailed herein were conducted by Non-Executive Directors.
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Amplitude Energy has seen its share price rise by 8.5% this year, with a notable 20% increase in just the past month. This rise can be attributed to positive operational updates, which include guidance indicating production could reach the upper limit of its targeted range of 69-73 tj/day. Additionally, the company’s East Coast Supply Project has the potential to boost production beyond 100 tj/day, effectively doubling revenues by FY24.
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Aurizon Holdings revealed its FY25 earnings guidance on June 30, as well as a management restructuring. Though EBITDA results were slightly below expectations, the report alleviated short-term uncertainties. However, the company faced challenges with profitability linked to bad debt provisions. Analysts mostly view this report as expected, focusing now on the FY26 forecast. The market reaction was initially negative, with a 2.7% drop in shares, followed by a recovery of approximately 5%.
- IDP Education has seen its directors making purchases around the $4 mark following a dramatic 48% share price drop triggered by a warning about a potential 28-30% decline in student placements for FY25. This warning resulted in a downward revision of EBIT expectations to between $115-125 million. Despite a clouded outlook due to execution challenges and earnings uncertainties, some analysts believe that current valuations could indicate a recovery opportunity.
In summary, while recent trading activity among ASX directors has slowed considerably due to external pressures and upcoming reporting periods, several companies like Amplitude Energy and Aurizon Holdings still show promise, potentially offering strategic investment opportunities. Directors’ purchasing activity suggests a degree of confidence in long-term growth, despite the current market noise.
